Applied Optoelectronics (NASDAQ:AAOI) Stock Price Down 6.9% – Here’s What Happened

Applied Optoelectronics, Inc. (NASDAQ:AAOI)’s stock price fell 6.9% on Friday . The stock traded as low as $34.00 and last traded at $33.8190. 994,481 shares traded hands during trading, a decline of 79% from the average session volume of 4,709,452 shares. The stock had previously closed at $36.32.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Needham & Company LLC raised their target price on Applied Optoelectronics from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday. Northland Securities set a $45.00 price objective on shares of Applied Optoelectronics in a research note on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Applied Optoelectronics in a report on Wednesday, October 8th. Rosenblatt Securities upped their target price on shares of Applied Optoelectronics from $35.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday. Finally, B. Riley reissued a “sell” rating and issued a $15.00 price target on shares of Applied Optoelectronics in a research report on Monday, November 10th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.60.

Applied Optoelectronics Trading Down 11.7%

The business’s fifty day simple moving average is $28.80 and its 200 day simple moving average is $25.71. The company has a current ratio of 2.31, a quick ratio of 1.63 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.19 billion, a P/E ratio of -9.96 and a beta of 3.25.

Applied Optoelectronics (NASDAQ:AAOI) last announced its earnings results on Thursday, November 6th. The semiconductor company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. Applied Optoelectronics had a negative net margin of 36.97% and a negative return on equity of 7.34%. The company had revenue of $118.63 million during the quarter, compared to the consensus estimate of $119.77 million. During the same period in the previous year, the firm posted ($0.21) earnings per share. The company’s revenue was up 82.1% on a year-over-year basis. Applied Optoelectronics has set its Q4 2025 guidance at -0.130–0.040 EPS. As a group, analysts expect that Applied Optoelectronics, Inc. will post -1.18 EPS for the current year.

Hedge Funds Weigh In On Applied Optoelectronics

Several large investors have recently made changes to their positions in AAOI. Penn Capital Management Company LLC acquired a new stake in Applied Optoelectronics in the third quarter worth about $11,057,000. Castleark Management LLC bought a new position in shares of Applied Optoelectronics in the 3rd quarter valued at about $3,251,000. CANADA LIFE ASSURANCE Co grew its position in shares of Applied Optoelectronics by 260.9% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 11,884 shares of the semiconductor company’s stock worth $308,000 after buying an additional 8,591 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of Applied Optoelectronics during the 3rd quarter worth approximately $19,738,000. Finally, Wexford Capital LP bought a new stake in shares of Applied Optoelectronics during the third quarter worth approximately $95,000. Institutional investors and hedge funds own 61.72% of the company’s stock.

Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.